Haven Private LLC Cuts Stake in Amazon.com, Inc. $AMZN

Haven Private LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,322 shares of the e-commerce giant’s stock after selling 421 shares during the quarter. Haven Private LLC’s holdings in Amazon.com were worth $1,168,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC increased its holdings in Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after buying an additional 132,616,953 shares during the period. Nuveen LLC bought a new stake in Amazon.com during the 1st quarter valued at $11,674,091,000. Goldman Sachs Group Inc. increased its holdings in shares of Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after acquiring an additional 10,176,835 shares during the period. Vanguard Group Inc. raised its position in shares of Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares in the last quarter. Finally, Amundi lifted its stake in shares of Amazon.com by 15.1% during the 1st quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock worth $9,884,098,000 after purchasing an additional 7,267,277 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on AMZN shares. CICC Research lifted their target price on Amazon.com from $240.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Telsey Advisory Group lifted their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Susquehanna set a $300.00 target price on shares of Amazon.com and gave the company a “positive” rating in a research report on Friday, October 31st. BNP Paribas began coverage on shares of Amazon.com in a research note on Monday. They issued an “outperform” rating for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.78.

Insider Activity

In related news, Director Keith Brian Alexander sold 900 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $233.00, for a total value of $209,700.00. Following the sale, the director owned 7,170 shares in the company, valued at $1,670,610. This represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the completion of the transaction, the chief executive officer owned 2,208,310 shares in the company, valued at approximately $479,070,771.40. This trade represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 82,234 shares of company stock valued at $19,052,442. 9.70% of the stock is owned by insiders.

Amazon.com Trading Down 0.2%

NASDAQ:AMZN opened at $229.16 on Thursday. The company has a market capitalization of $2.45 trillion, a P/E ratio of 34.93, a PEG ratio of 1.52 and a beta of 1.29. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The firm has a fifty day simple moving average of $227.53 and a 200-day simple moving average of $222.76.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. During the same quarter last year, the business posted $1.43 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.